Top 10 ELSS Funds to Invest…!!

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Top 10 ELSS Funds to Invest

What is ELSS Fund? 

An equity linked saving scheme is a type of an equity mutual fund, which invest 80% of their total asset in equity and equity related instruments. These are diversified mutual fund schemes which are eligible for a tax deduction up to RS 1,50,000 under the section 80C of income tax and have a lock-in period of 3 years. 

What are the different types of ELSS Funds?

There are mainly two different types of ELSS Funds:  

Growth Fund  

A mutual fund which primarily invests in the growth of the stock to attain maximum capital appreciation is known as Growth Fund. A growth fund mainly invests in those companies which have a proven track record of higher growth. 

Dividend Fund:  

A mutual fund in which profits made by the scheme are not re-invested in scheme, instead gains will be distributed among the investor by way of dividends, whether its quarterly, half yearly or yearly basis is called Dividend Fund.   

How to invest in ELSS Funds?

To invest in ELSS Funds, an investor needs to follow these simple procedures: 

  • Sign in at Gulaq account. 
  • Make your e-kyc done in less than 5 minutes. 
  • Enter all your credentials regarding the amount of investment and period of investment. 
  • Further choose the ELSS mutual fund from the list of funds. 
  • Afterwards, click on the start SIP, choose a date and money to be added. 
  • Click on the Start SIP button and then click on Invest. 

(NOTE: Login through your internet banking and your amount will be deducted. 

List out the best ElSS Funds to invest in 2019?  

List of top tax saving mutual funds to invest in 2019, according to CRISIL : 

  • Mirae Asset Tax Saver Fund 
  • Canara Robeco equity Tax Saver Fund 
  • Kotak Tax Saver Scheme 
  • Invesco India Tax Plan 
  • ICICI Prudential Long-Term Equity Fund 
  • Aditya Birla Sun Life Tax Saver 96 
  • DHFL Pramerica Long Term Equity Fund 
  • IDFC Tax Advantage Fund 
  • DSP Tax Saver Fund 
  • Essel Long Term Advantage Fund 

What are the advantages of investing in ELSS Funds? 

There are multiple advantages of investing in ELSS Funds: 

Tax Saving: 

ELSS is a tax saving fund and the amount invested in these funds are eligible for tax deduction under 80 (C) of the Income tax up to Rs 1.5 lakh.  This is only scheme, which provides dual benefits of tax saving and greater returns. 

Lowest Lock in Period: 

ELSS Funds provide a lowest lock in period of 3 years, as compared to other tax saving scheme such as PPF or fixed deposit. 

Lower Tax on Gains:  

An ELSS Fund is invested for a period of 3 years, which comes under the long-term capital gains tax. A lower term capital gains tax is always less compared to the short-term capital gains tax. 

Availability of SIP Options: 

An ELSS fund provides an investor to invest through SIP. It allows an investor to choose with the SIP options. Also, an investor can invest through a fixed amount at regular interval. 


*Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.

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